Feb
7
MNTA: Momenta Pharmaceuticals Inc
February 7, 2008 | Leave a Comment
On the left is a chart of MNTA. The chart had been showing signs of significant basing action during the month of January and is now back up testing the resistance from late December of 2007.
There appears to be a channel forming with clearly defined support at at $7.27 and resistance around $7.90 or so.
I think this is a break out candidate if it rises above the resistance @ $7.90.
Buy over $7.90 and put a tight stop loss to ensure the gains are not lost.Â
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- Break Outs - A collection of posts from blogs I read that consistently perform well.
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